Bitcoin Payments Market by Component (Hardware, Software, and Service) and Industry Vertical (E-Commerce, Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A07535 | Pages: NA | Dec 2020 | 155 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Bitcoin Payments Market
Request Now !The global market for bitcoin payments is experiencing considerable growth, and is expected to expand as crypto-currencies are gaining popularity across the world. Bitcoin payment services provide a globalized transaction network that allows fast & efficient transfer of bitcoin across the globe. The payments for bitcoins are executed via smartphones and tablets. Moreover, bitcoin transactions are considered relatively cheaper, owing to lower transaction fees. With these features, a retailer and other users obtains a secure and credible identity in digital world of crypto-currencies.
COVID-19 scenario analysis:
- During the wake of the economic downturn, bitcoin's value has been on the rise for the past month.Â
- With no disruptions, banking partners are accepting payments at any time while maintaining business relationships without significant delays, as well as customers received timely customer service in the market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis:
Lower transaction costs for executing bitcoin payments and greater transparency in extremely competitive exchange rates are some of the factors that drive the market growth. However, stringent government regulations across various regions and lower awareness toward payment for bitcoins are some of the factors that limit the market growth.
Conversely, rise in popularity of bitcoins and acceptance of digital currencies in emerging economies are some of the factors expected to create lucrative opportunities for the market in upcoming years.Â
The global bitcoin payment market trends are as follows:
New prepaid card launches to flourish the market:
New prepaid card launches in the market are gaining momentum for bitcoin payments. For instance, in June 2020, Bitpay, which is a blockchain payment provider, introduced a prepaid debit card that enables U.S. consumers to spend their crypto assets as a fiat currency. In addition, the card uses Europay, Mastercard, and Visa (EMV) chip for contactless payments, providing adequate protection, and can be used for internet transactions or cash withdrawals from ATMs.
Growth in acceptance of bitcoin transactions:
Rise in growth of businesses and merchants accepting bitcoin globally is one of the major trends in the bitcoin payments market. Moreover, rise in number of customers looking for opportunities to spend their digital bitcoins on purchases and transactions is expected to boost the market. With rise in acceptance of blockchain and digital currencies worldwide, several companies are providing payment-related technologies that make and receive payments in crypto-currencies.
Market scope and structure analysis:
           Report Metric |               Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units |  Value ($) |
 Segments covered |  Type, Industry Vertical, and Region |
 Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa |
 Companies covered | Major players analyzed include Coinpayments, Inc, BitPay, Coinbase, CoinGate, Spectro Finance Ltd, GoUrl.io, GaragePreneurs Internet Pvt Ltd, GoCoin LLC, Shopify Inc, and CoinsBank |
Â
Key benefits of the report:
- This study presents analytical depiction of the global bitcoin payments market along with the current trends and future estimations to determine the imminent investment pockets.  Â
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global bitcoin payments market share. Â Â Â
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario. Â Â Â Â Â Â
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.  Â
- The report provides a detailed market analysis based on the present and future competitive intensity of the market.
Key segments covered:
         Segments |               Subsegments |
  Component  | Â
 |
  Industry vertical  |
|
Questions answered in the bitcoin payments market research report:Â
- Who are the leading market players active in the bitcoin payments market?
- What would be the detailed impact of COVID-19 on the global bitcoin payment market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the global bitcoin payments market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Bitcoin Payments Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.